Notice to the the principal (prime contractor) as soon as possible to trap unpaid funds.See Speed Bumpsfor notice exceptions.
NACM urges all suppliers and laborers to serve notice within30 days of first furnishing to protect lien rights.
Step 2: Bond Claim
Within 90 daysof last furnishing labor, material or services notify general contractor and owner. Notifying public owner gives protection in the event the owner fails to require a payment bond.
Step 3: Suit Against Bond
Highway Work: Within 1 year of final settlement.
Non-Highway Work: Within 1 year of last furnishing
Bond Bits
Contracts less then $100,000 are excluded from bond requirements,
$10,000 for highway work.
Amount of Bond: 100% of contract price except highway projects, 50% of contract price.